BALA CYNWYD, PA / ACCESSWIRE / August 13, 2020 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Montage Resources Corporation ("Montage Resources" or the "Company") (NYSE:MR) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by Southwestern Energy Company ("Southwestern") (NYSE:SWN). Under the terms of the agreement, shareholders of Montage Resources will receive only 1.8656 shares of Southwestern for each share of Montage Resources they own.
The investigation concerns whether the Montage Resources Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Southwestern is underpaying for the Company. For example, the deal, as touted by Southwestern, offers no premium to Montage Resources shareholders. In fact, the implied deal price is well below Montage Resources' 52-week high of $8.30 a share.
If you own shares of Montage Resources stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit http://www.brodskysmith.com/cases/montage-resources-corporation-nyse-mr/, or call toll free 877-534-2590.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC
View source version on accesswire.com: